Luis Marin
Sell or Rent How do we identify what is best for us?
4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
Mitchel Johnson
College Senior- Advice on Multifamily/ House Hacking
29 December 2024 | 3 replies
I will start work with EY as an auditor in the fall and have recently begun studying for the CPA exam.
Kevin G.
Investing out of state doing BRRRRs
27 January 2025 | 12 replies
The last thing I want is to fall into analysis paralysis or burn out chasing something unattainable.
Toyin Dawodu
WHY DO 95% OF REAL ESTATE INVESTORS FAIL?
12 January 2025 | 23 replies
After more than 450 deals, everything just seems to fall in place, abundance of leads and lenders throwing money at me.I actually believe this is possible for a lot of people in our industry.
Jack Phillips
Best CRM to use in 2024?
26 January 2025 | 19 replies
When it comes to hooking up my follow-up system I've seen a lot of other CRMs fall short with drips (lack of good time delays, no custom mailing function, doesn't pause with a response, can send auto messages after a deal closes, etc)
Salil Surendran
Converting from homeowner to landlord insurance policy
30 December 2024 | 11 replies
If your tenant falls down the stairs because they were clumsy, you're not liable.
John Voychick
Do not use Suncoast Property Management in Jacksonville
25 January 2025 | 31 replies
It's pretty common practice to have something like that in a property management agreement, and if it falls under that limit they're going to pay it and not notify the owner except in regular monthly updates because it is below the threshold of what is an ordinary expense in the course of business.
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
Some of your requests may fall outside this manager’s standard practices, and customizing services for each client isn’t practical for most PMs.
Garry Lawrence
19-Year-Old Closing on First Rental Property – Seeking Advice!
11 January 2025 | 12 replies
Being "boy wonder" can lead to ego and pride definitely comes before the fall. 2) Irrelevant.
Sarah Larbi
Costa Rica
11 January 2025 | 49 replies
As experienced investors keep repeating over and over on BiggerPockets, don't fall in love with an investment property, as it's all about figures.